23 Aug 18 - Bitcoin Snapshot

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4H Chart - Price Key Points:

  • Consolidating for the past 24HRS.
  • Average base support at approx $6396.
  • 20MA and 50MA crossed over 100MA (confirmed)
  • Indicators steady.
  • Models still favor the upside.

23 Aug 18 - BitStamp - BTCUSD.jpg

Possible Scenarios (unchanged) :

Long: On a confirmed break above $6730 – Price Target $6963 | Probability: 36% | Signal Strength: 3/5

Neutral: Price Range $6522 - $6730

Short: On a confirmed break below $6522 – Price Target $6308 | Probability: 33% | Signal Strength: 2/5

Our Stance: Maintain speculative long approach.

23 Aug 18 - Bitcoin Snapshot | Ecency